Professional Capital Management CEO Anthony Pompliano on Monday said Bitcoin (CRYPTO: BTC) is proving more resilient than gold and increasingly acting as a global hedge amid economic uncertainty.
Bitcoin As ‘Global Insurance’
In a CNBC interview, Pompliano reiterated his bullish stance on Bitcoin, arguing the asset is holding up well despite global economic uncertainty.
Pompliano described Bitcoin as a form of “global insurance” during periods of financial stress.
While Gold has historically served as a store of value, he said Bitcoin’s divisibility, portability and resilience make it a superior asset over time.
He added that …